We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Brand-New NYC Hotel Files Ch. 11 Over Contract Liens

Law360 (April 6, 2011, 12:11 PM EDT) -- Waterscape Resort LLC, owner of midtown Manhattan's new Cassa NY Hotel, checked into Chapter 11 on Monday, facing some $20 million in contractor claims — about half of which stem from a soured relationship with ex-construction manager Pavarini McGovern LLC.

The other half of that total consists of subcontractor claims that are duplicative or redundant of the Pavarini claims, Waterscape Executive Vice President Ezak Assa told the U.S. Bankruptcy Court for the Southern District of New York in his declaration.

Pavarini and Waterscape signed a contract...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.